H.R. 7105 · 118th Congress
WOSB Certification and Opportunity Expansion Act
- Stage
- Passed a chamber
- Sponsor
- Nydia Velázquez
- Introduced
- 2024-01-29
- Latest action
- 2024-02-29 · Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Summary
WOSB Certification and Opportunity Expansion Act
This bill requires that only women-owned small businesses that have been certified by a federal agency, state government, or national certifying entity approved by the Small Business Administration (SBA) are included when calculating whether a federal agency has met its contracting goals with respect to such businesses during a fiscal year.
Certain self-certified, women-owned small businesses that have filed an application for certification are deemed to have been certified until the SBA or national certifying entity makes a determination with respect to the certification of such business.
The SBA must provide a briefing each quarter about specified aspects of the process of certifying women-owned small businesses and implementing the requirements of the bill.